|Iran’s non-oil exports up 20.8%||
TEHRAN – Iran exported $19.63 billion of non-oil products in the first five months of the current Iranian calendar year, which began on March 21, a 20.8 percent rise compared to the previous year, according to the Iran Customs Administration.
Iran’s total non-oil trade surpassed $41.6 billion in the five-month period, during which the country imported $21.98 billion of non-oil products, a 33.5 percent rise year on year.
China, Iraq, and the United Arab Emirates were the top three importers of Iranian non-oil goods. And the United Arab Emirates, China, and India were the leading exporters of non-oil goods to Iran.
Interest in Iran as a destination for business is growing due to the international talks that are being held to resolve the deadlock over Iran’s nuclear program.
If the discussions between the six major powers and Iran progress smoothly, it is expected that the sanctions imposed on the country will be eased and commercial routes will be revived.
On June 12, Trade Promotion Organization of Iran Director Valiollah Afkhami-Rad said Iran’s annual non-oil exports are projected to rise by 50 percent and hit $47 billion in the current Iranian calendar year.
Iran’s non-oil exports increased by nearly one half of one percent while the country’s imports dropped around five percent in the previous Iranian calendar year, Press TV reported.
The Iranian cabinet has approved a proposal by the Ministry of Industry, Mining, and Trade to establish a high council tasked with increasing non-oil exports.
President Hassan Rouhani or his first vice president will chair the council.
The ministers of industry, mining, and trade; transport and urban development; finance and economic affairs; agriculture; foreign affairs; communications and information technology; cooperatives, labor, and social welfare; energy; and oil; as well as the interior minister, will be members of the council.
The vice president for planning and strategic supervision, the vice president for scientific and technological affairs, the director of the Cultural Heritage, Tourism, and Handicrafts Organization, the governor of the Central Bank of Iran, the director of the Iran Customs Administration, the chairman of Iran’s Chamber of Commerce, Industries, Mines and Agriculture, and the director of the Trade Promotion Organization of Iran will be the other members of the council.
Subscribe to our RSS feed to stay in touch and receive all of TT updates right in your feed reader